Brief: Isramco, unit enters into a term loan credit agreement

Israel Acquisitions

22/05/2015 22:18

May 22 (Reuters) - Isramco Inc  ISRL.O : 
 * Says on may 18, its unit tamar royalties llc entered into a term loan credit 
   agreement - SEC filing 
 * Facility provides for borrowings in the amount of $120 million on a committed 
   basis 
 * $120 million initial borrowing under the facility will be repaid over eight 
   years commencing July 1, 2015, 
 * In connection with the facility, co and tamar royalties have agreed to enter 
   into an intercompany loan agreement dated may 18, 2015 
 * Pursuant to terms of intercompany loan agreement, tamar royalties llc will 
   provide one or more loans to co in amount not to exceed $108 million 
 * Source text (http://1.usa.gov/1HzN8FZ) 
 * Further company coverage  ISRL.O   
 
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